(In Thousands, Except Per Share Amounts) 2000 1999 1998* 1997 1996 1995
Operations
Net Sales $3,675,132 $3,357,757 $3,261,045 $3,256,551 $3,098,685 $3,046,195
Net Earnings Before Cumulative Effect
of Accounting Changes 170,217 163,438 139,291 109,492 79,408 120,436
Percent of Sales 4.63% 4.87% 4.27% 3.36% 2.56% 3.95%
Cumulative Effect of Accounting Changes
Net Earnings (Loss) 170,217 163,438 139,291 109,492 79,408 120,436
Wage Costs 528,746 503,890 498,973 435,789 398,824 373,901
Total Taxes (Excluding Payroll Tax) 105,537 100,381 89,816 73,115 56,992 84,329
Depreciation and Amortization 65,886 64,656 60,273 52,925 42,700 37,220
Financial Position
Working Capital $ 368,484 $ 414,736 $ 449,714 $ 410,774 $ 456,850 $ 441,452
Properties (Net) 541,549 505,624 486,907 488,738 421,486 333,084
Total Assets 1,641,940 1,685,585 1,555,892 1,528,535 1,436,138 1,223,860
Long-term Debt
Less Current Maturities 145,928 184,723 204,874 198,232 127,003 16,959
Shareholders' Investment 873,877 841,142 813,315 802,202 785,551 732,047
Per Share of Common Stock
Net Earnings Before Cumulative Effect
of Accounting Changes - Basic $ 1.21 $ 1.12 $ 0.93 $ 0.72 $ 0.52 $ 0.79
Net Earnings Before Cumulative Effect
of Accounting Changes - Diluted 1.20 1.11 0.93 0.71 0.52 0.78
Cumulative Effect of Accounting Changes
Net Earnings (Loss) - Basic 1.21 1.12 0.93 0.72 0.52 0.79
Net Earnings (Loss) - Diluted 1.20 1.11 0.93 0.71 0.52 0.78
Dividends 0.35 0.33 0.32 0.31 0.30 0.29
Shareholders' Investment 6.31 5.89 5.53 5.29 5.07 4.77
(In Thousands, Except Per Share Amounts) 2000 1994 1993 1992* 1991 1990
Operations
Net Sales $3,675,132 $3,064,793 $2,853,997 $2,813,651 $2,836,222 $2,681,180
Net Earnings Before Cumulative Effect
of Accounting Changes 170,217 117,975 100,770 95,174 86,393 77,124
Percent of Sales 4.63% 3.85% 3.53% 3.38% 3.05% 2.88%
Cumulative Effect of Accounting Changes (127,529)**
Net Earnings (Loss) 170,217 117,975 (26,759) 95,174 86,393 77,124
Wage Costs 528,746 351,096 325,115 304,696 278,537 267,391
Total Taxes (Excluding Payroll Tax) 105,537 82,915 70,026 64,968 60,035 51,990
Depreciation and Amortization 65,886 36,611 32,174 38,972 36,269 35,554
Financial Position
Working Capital $ 368,484 $ 443,298 $ 392,846 $ 401,216 $ 346,164 $ 293,818
Properties (Net) 541,549 270,886 244,987 216,390 231,817 235,026
Total Assets 1,641,940 1,196,718 1,093,559 913,015 856,835 799,422
Long-term Debt
Less Current Maturities 145,928 10,300 5,700 7,624 22,833 24,535
Shareholders' Investment 873,877 661,089 570,888 644,284 583,408 513,832
Per Share of Common Stock
Net Earnings Before Cumulative Effect
of Accounting Changes - Basic $ 1.21 $ 0.77 $ 0.66 $ 0.62 $ 0.56 $ 0.50
Net Earnings Before Cumulative Effect
of Accounting Changes - Diluted 1.20 0.77 0.66 0.62 0.56 0.50
Cumulative Effect of Accounting Changes (0.83)**
Net Earnings (Loss) - Basic 1.21 0.77 (0.17) 0.62 0.56 0.50
Net Earnings (Loss) - Diluted 1.20 0.77 (0.17) 0.62 0.56 0.50
Dividends 0.35 0.25 0.22 0.18 0.15 0.13
Shareholders' Investment 6.31 4.31 3.72 4.20 3.81 3.35
*53 Weeks; **Adoption of SFAS No. 106 and No. 109
Per share figures have been restated to give effect for the two-for-one stock split which was approved by the shareholders at the Annual Meeting on January 25, 2000.
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